Last Updated Date: 11 January 2022 @ 12:08 PM (UTC)
*Please note that all the dates are in GMT time zone
As the USDJPY is showing an overbought situation on Parabolic, the market is signaling a bear downturn with the breakout under the previous swing low opening up potential for a wash to 114.76. Trade is poised for follow through pressing declines. Any corrections will likely stay trapped below 116.00.